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The Certified Morgan Silver Dollar 1886 MS65 PCGS is an exemplary piece of American numismatic history. Graded MS65 by the Professional Coin Grading Service (PCGS), this coin represents the pinnacle of quality and preservation for collectors and investors. The 1886 Morgan Dollar, produced during a period of significant economic growth and expansion in the United States, is a testament to the artistry and craftsmanship of the era.
The Morgan Silver Dollar was minted from 1878 to 1904, with a final issuance in 1921. The coin was named after its designer, George T. Morgan, an English engraver who joined the U.S. Mint in 1876. The introduction of the Morgan Dollar followed the Bland-Allison Act, which required the U.S. Treasury to purchase large quantities of silver to be minted into dollars. This legislation aimed to support the struggling silver mining industry and increase the money supply, making the Morgan Dollar a symbol of American prosperity and the westward expansion era.
The obverse of the Morgan Silver Dollar features a profile portrait of Liberty, modeled after Anna Willess Williams, a Philadelphia schoolteacher. Liberty is depicted wearing a Phrygian cap adorned with wheat and cotton, symbolizing America’s agricultural heritage. Surrounding Liberty are the words "E PLURIBUS UNUM," the year of issue (1886), and thirteen stars representing the original colonies. This design is both intricate and symbolic, showcasing Morgan's artistic talent and the ideals of the nation during that period.
The reverse of the coin displays a majestic bald eagle with outstretched wings, clutching an olive branch and arrows in its talons, symbolizing peace and readiness for war. Above the eagle is the inscription "UNITED STATES OF AMERICA," and below it, the denomination "ONE DOLLAR." The reverse also prominently features the motto "IN GOD WE TRUST" above the eagle's head. The detailed engraving and balanced composition make the Morgan Silver Dollar a masterpiece of American coinage, celebrated for its artistic merit and historical significance.
The 1886 Morgan Silver Dollar was minted at the Philadelphia Mint, which was the first official mint of the United States, established in 1792. Coins produced at the Philadelphia Mint do not bear a mintmark, distinguishing them from those minted at other facilities. The high standards of production at the Philadelphia Mint are evident in the sharp details and exceptional quality of this coin. The Philadelphia Mint's reputation for meticulous craftsmanship is well-reflected in the 1886 Morgan Silver Dollar.
The mintage of the 1886 Morgan Silver Dollar was substantial, with 19,963,000 coins produced. Despite the high mintage, finding coins in MS65 condition is relatively rare. Most coins from this era have been circulated or stored in less-than-ideal conditions, leading to wear and imperfections. Well-preserved coins, like this MS65 example, are highly prized by collectors for their beauty and historical significance.
The condition of the Certified Morgan Silver Dollar 1886 MS65 PCGS is a key factor in its appeal. The MS65 grade indicates that the coin is in gem mint state, exhibiting minimal wear and retaining much of its original mint luster. The certification by PCGS, a leading third-party grading service, adds an extra layer of trust and assurance for buyers, confirming the coin's authenticity and grade. This high level of preservation ensures that the coin's intricate details and historical significance are maintained.
The obverse and reverse designs of this coin are crisp and clear, with Liberty’s profile and the eagle’s feathers exhibiting exceptional detail. The luster of the coin is bright and attractive, enhancing its visual appeal. The coin’s surfaces are remarkably clean, with only minor imperfections that are not easily visible to the naked eye. This high level of preservation makes the Certified Morgan Silver Dollar 1886 MS65 PCGS a standout piece.
The Certified Morgan Silver Dollar 1886 MS65 PCGS is a tangible link to America's past, embodying the economic and cultural dynamism of the late 19th century. Its superior condition, intricate design, and exceptional quality make it a standout piece, offering both aesthetic pleasure and a solid investment. As a product of the Philadelphia Mint, it carries the legacy of American coinage history, making it a meaningful and valuable artifact in the world of numismatics.